What's new in business news: September 16, 2013 | Bangkok Post: learning

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What's new in business news: September 16, 2013

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With digital TV auctions big changes to Thai TV coming soon, Nissan to make cars in Myanmar & end of QE in US will have little impact on Thailand. 

A set of digital signal-converting equipment for Thailand's new digital TV. 

BROADCASTING

Digital TV poised to change landscape

Auctions for 24  commercial digital TV licenses will be held in mid-December and will draw 100 billion baht in new investment. The first big change in Thai broadcasting took place  four decades ago when black-and-white TV went to colour. The switch to digital broadcasting will be the second big change. 

With digital TV, consumers will get a variety of content from the six existing free TV stations and 48 new digital TV channels, consisting of 24 commercial channels, 12 public channels and 12 community channels.

The switchover to digital TV has been designed to minimize problems for consumers. Consumers will not need to buy a new TV set and will not have to use an antenna. A set-top box for 1000 baht or less will convert the old digital TV or consumers can buy a new-style TV set marked by the NBTC's sticker of approval. The regulator has approved 54 TV models from Panasonic, Samsung, Sony and LG that can pick up digital signals. For those watching TV on a satellite system, they need not change TV sets.

[Read full story here ]

AUTOMOTIVE 

Nissan will make cars in Myanmar

Japanese automaker Nissan plans to begin producing small cars and pickup trucks in Myanmar with its Malaysian partner (Tan Chong Motor) as early as this year. Japan's Suzuki announced the restart of production in Myanmae earlier in the year and Ford says it would open a showroom but Nissan would be the biggest carmaker to start production there.

A Tan Chong affiliate will likely construct an assembly plant in Myanmar that will finish cars using parts shipped from Nissan factories in Southeast Asia and elsewhere.

Car ownership was only around 2.36 million units as of last year in Myanmar that has a population of 63 million, meaning the market has much room to grow.

[Read full story report" >here ]

ECONOMY

BoT: Thailand not at risk from US scaling back Quantitative Easing

16/09/2013 

Investors around the world are now awaiting the outcome of a US Federal Open Market Committee (FOMC) meeting on Sept 17-18, widely expected to initiate a gradual scaling back of the US central bank (Federal Reserve's) US$85-billion monthly asset purchase programme, known as Quantitative Easing (QE). 

Thailand's strong fundamentals will shield it from the adverse effects of QE reduction (or "tapering" ) finds a new report from the Bank of Thailand entitled International Spillovers of the Implementation and Termination of QE.

In addition to its low unemployment rate of 0.6%, Thailand has an inflation rate of only 0.75% and substantial foreign reserves, totalling $168.9 billion. A nascent global economic recovery could offer a further buffer.

[Read full story taper" >here ]

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Vocabulary:

adverse: having a negative or harmful effect on something - ในทางลบ, เป็นผลร้าย

affiliate: a company, an organisation, etc. that is connected with or controlled by another, larger one - บริษัทในเครือ, กิจการในเครือ, สาขา

announce: to tell people something officially, especially about a decision, plans, etc - ประกาศ, แจ้ง, แจ้งให้ทราบ

antenna: a structure made of metal rods or wires which receives or sends out radio or television signals - เสาอากาศ

approval: official permission - การอนุมัต

approve: to give official permission - อนุมัต

assembly: the process of putting together the parts of something such as a vehicle or piece of furniture - การประกอบ

asset: a thing of value - สิ่งที่มีคุณค่า

asset: something owned by a person, company etc., particularly money and property - ทรัพย์สิน

auction: to sell through an auction (a usually public sale of goods or property, where people make higher and higher bids for each thing, until the thing is sold to the person who will pay most - การขายโดยการประมูล, การขายทอดตลาด) นำไปขายโดยการประมูล

awaited: waiting for something to happen - ที่รอคอย

broadcast: a programme that can be seen or heard on television or radio - แพร่ภาพกระจายเสียง

buffer: a thing or person that reduces a shock or protects somebody/something against difficulties - ตัวกัน

central bank: the main government bank in a country that controls the supply of loans (credit) and the supply of money in the country and provides financial services to the government and other banks - ธนาคารแห่งชาติ

commercial: for business purposes - เกี่ยวกับการค้า

community: a group of people who share the same job, interests, religion, etc - สังคม

community: the people living in one particular area - ชุมชน

consist of: to be made of or formed from something - ประกอบด้วย

construct: to build or make something, especially buildings, bridges, etc. - สร้าง

consumer: someone who buys and uses goods and services - ผู้บริโภค

content: the subject, ideas, or story that a piece of writing or a radio or television programme deals with - เนื้อหา,สาระ

convert: to change from one form to another - เปลี่ยนระบบ

decade: a period of ten years - ทศวรรษ, ระยะเวลา 10 ปี

digital: using a system of receiving and sending information as a series of the numbers one and zero, showing that an electronic signal is there or is not there - ซึ่งรับส่งข้อมูลด้วยการใช้ตัวเลข

draw: to attract or interest somebody - ดึงดูดความสนใจ

entitle: to give a title (name) to a book, play, etc - ตั้งชื่อ

exist: to be real; to be present in a place or situation - มีอยู่

fundamental: central; forming the necessary basis of something; serious and very important; affecting the most central and important parts of somethin - ซึ่งเป็นรากฐานสำคัญ, มูลฐาน

gradual: slowly and in small stages or amounts - อย่างทีละน้อย

implementation: the process of making something such as a plan, system, idea or law start to work and be used - การบังคับใช้ (กฎหมาย)

inflation: a general rise in the prices of services and goods in a particular country, resulting in a fall in the value of money - เงินเฟ้อ

initiate: to make something start - ริเริ่ม

investment: the act of investing money in something - การลงทุน

investor: a person or organization that invests money, i.e., uses money with the aim of making a profit from it, for example by buying property or buying shares in a company - นักลงทุน

licensed: having an official document that gives someone permission to do or use something - มีใบอนุญาต

model: a version of a product sold during a certain period of time, a generation of technology or the product - รุ่น

nascent: just starting or beginning now, being born or starting to exist now - พึ่งเริ่มใหม่, ยังใหม่อยู่, พึ่งเริ่ม

outcome: a result - ผล

partner: one of the people who owns a business and shares the profits, etc or works together with another business in an activity - หุ้นส่วน, ผู้ร่วมมือ,

passenger: someone who travels in a motor vehicle, aircraft, train, or ship but is not the driver or one of the people who works on it - ผู้โดยสาร

poised: about to do or achieve something - ได้มาซึ่ง

population: a particular group of people or animals living in a particular area - กลุ่มที่อาศัยอยู่ในที่เดียวกัน

public: open to people in general - สาธารณะ

purchase: to buy something - ซื้อ

recovery: the process of becoming normal and healthy again - การฟื้นตัว, การฟื้นฟู

regulator: an official who makes certain that the companies who operate a system work effectively and fairly - ผู้มีอำนาจควบคุม

report: to tell someone officially that something exists or happened - รายงาน

reserves: the amount of foreign currency or gold held by a national bank, which is used for dealing with the national banks of other countries - เงินสำรอง

room to grow: it is still possible for it to grow a lot; high growth potential -

satellite: an electronic device that is sent into space and moves around the earth or another planet. It is used for communicating by radio, television, etc. and for providing information - ดาวเทียม

scale back:  to reduce the number, size or extent of something - ลดลง

set-top box: the box on top of TV used to receive satellite or cable TV and select channels - กล่องรับสัญญาณ

shield: to protect something - ซ่อนจาก, ป้องกัน

showroom: a place where cars are shown to customers -

spillover: overflow, an effects that spreads and affects more people and things than expected - การล้น, การทะลัก ,สิ่งที่หก (ล้น,ทะลัก,กระเด็น,กระจาย)

sticker: a sticky label (paper, plastic, etc.) with a picture or message on it, that you stick onto something - สติ๊กเกอร์

substantial: large in size, value or importance - มากมาย, ยิ่งใหญ่, สำคัญ

switch: a change - การเปลี่ยน

taper: reduce or grow smaller slowly and gradually -

termination: the act of ending something -

unemployment: the fact of a number of people not having a job; the number of people without a job - การว่างงาน, จำนวนผู้ว่างงาน

unemployment rate: the percentage of workers in an economy who do not have a job - อัตราการว่างงาน

variety: many different types of things or people - ความหลากหลาย

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